Harvest Health & Recreation Inc. (Harvest), has actually participated in a binding contract to get 6 additional dispensary licenses in Arizona. Upon closing, Harvest will manage 16 licenses throughout its house state of Arizona, the nation’s 3rd largest cannabis market.
With 16 vertically integrated licenses, 11 open dispensaries, 2 cultivation facilities and one processing center upon closing, Harvest broadens what is already the largest footprint in Arizona’s medical cannabis market.
Harvest’s contract is with Devine Hunter, Inc., formerly the state’s second-largest license holder, for an undisclosed amount of money, stock and other factor to consider. With the closing of this transaction, Harvest controls licenses for 86 dispensaries, 23 growing centers, and 22 processing centers across the U.S.
” Arizona is a rational location for us to continue to grow for a variety of factors,” said Harvest Executive Chairman Jason Vedadi. “We have currently acquired locations for the future shops and look forward developing dominant footprints in a number of states. Arizona is among them; it’s a terrific market with substantial advantage.”